Page 4 - Healthcare Sector

Narayana Hrudayalaya hits record high in subdued market; up 7% in 3 days

The company's management remains confident that the new hospital will become a strong engine of growth in Cayman over the next few years.

Max Healthcare share rises 3% as UBS upgrades to 'Buy', lifts target price

According to reports, UBS said that Max Healthcare is well-positioned for earnings growth, with solid foundations in place

Bajaj Group likely to make an investment of Rs 10,000 cr for hospital chain

Bajaj's move coincides with growth in Indian health care as the nation's wealth and insurance coverage increases and the number of people reaching retirement age accelerates

Ministries working out modalities of healthcare for gig workers: Govil

The Finance Ministry, in consultation with the Labour Department, is working out the modalities of a scheme to provide healthcare facilities under the PM Jan Arogya Yojana (PM-JAY) to about 1 crore gig workers, Expenditure Secretary Manoj Govil has said. Finance Minister Nirmala Sitharaman, in her Budget speech, announced that the government will arrange identity cards and registration of gig workers on the e-Shram portal. They will be provided healthcare under PM Jan Arogya Yojana. In an interview to PTI, Govil said the parameters and details of the scheme are being worked out in consultation with the Ministry of Labour and concerned other ministries. Govil said the social security scheme for gig workers could either be a 100 per cent Central Sector scheme or a centrally sponsored scheme where the cost would be shared between the Centre and states in a 60:40 ratio. "Once the scheme details are finalised, the cost will be calculated," Govil added. Ayushman Bharat PM-JAY is the la

Budget 2025 allocates ₹98,311 crore for healthcare sector: Key takeaways

Union Budget 2025: In the coming year, 10,000 additional medical seats will be created, with a target of adding 75,000 seats over the next five years

Ami Organics extends rally on strong Q3 results; stock zooms 30% in 4 days

The management believes, that on account of ramp-up of existing products, Fermion contract, and potential commercialisation of another CDMO contract in FY26E, Ami has strong revenue visibility.

Middle class a victim of 'tax terrorism': Kejriwal ahead of Budget session

Arvind Kejriwal highlighted the pivotal role of the middle class in driving the Indian economy, lamenting their exploitation for tax purposes without adequate support

Steady heartbeat of growth in diagnostics stock keeps sector pulsing

Realisation growth for Dr Lal PathLabs and Vijaya Diagnostic Centre is projected to remain flat compared to the previous year

India striving to be global healthcare custodian: Torrent's Samir Mehta

The Indian pharmaceutical industry is aiming to more than double its size to USD 120-130 billion by 2030 as it looks to ride on the back of innovation to become the healthcare custodian of the world, Indian Pharmaceutical Alliance (IPA) president and Torrent Group chairman Samir Mehta said. In the last 25 years, the Indian pharma industry has grown nearly 20 times - a market size of USD 58 billion from USD 3 billion in 1999-2000, contributing equally to domestic sales and exports today. The sector is among the top five contributors to India's trade surplus, which has grown to USD 19.5 billion from merely USD 1 billion in 1999-2000. "The journey of Indian pharma is a testament to how key policy reforms coupled with entrepreneurial spirit have nurtured the sector's growth," Mehta wrote in an article on the occasion of IPA completing 25 years. "The Indian pharmaceutical sector stands at a critical juncture as India heads toward 2047. From job creation to global trade and innovation to .

HMPV scare: Vijaya, Dr Lal Path, healthcare stocks in focus; Time to buy?

Apollo Hospitals, Vijaya Diagnostic and Narayana Hrudayalaya have given a fresh breakout on the daily scale. Charts show that these 5 healthcare related shares can rally up to 11 per cent.

Fortis Healthcare appoints Leo Puri as new Chairman its Board of Directors

At present, Puri serves on the boards of industry-leading organisations, including Tata Sons, Hindustan Unilever, and Dr. Reddy's Laboratories, further demonstrating his extensive expertise

NATHEALTH asks govt to address gaps in healthcare in upcoming Budget

Healthcare industry body NATHEALTH has asked the government to address systemic gaps such as acute shortage of medical specialists, escalating cancer care costs, and inadequate hospital infrastructure to meet the demands of a growing population in the upcoming union Budget. In its pre-Budget recommendations, NATHEALTH sought increasing budgetary allocations of the healthcare sector to over 2.5 per cent of GDP and asked Finance Minister Nirmala Sitharaman to address the growing burden of communicable and non-communicable diseases, compounded by long standing challenges. "The upcoming Union Budget offers an unprecedented chance to address systemic gaps such as the acute shortage of medical specialists, escalating cancer care costs, and inadequate hospital infrastructure to meet the demands of a growing population," NATHEALTH President Abhay Soi said in a statement. Soi, who is also the Chairman & Managing Director of Max Healthcare Institute Ltd, further said, "Expanding hospital ...

Luigi Mangione to face state charges in death of UnitedHealthcare CEO

The man accused of fatally shooting the CEO of UnitedHealthcare is expected to be arraigned in a Manhattan court Monday on murder and terror charges in a state case that will run parallel to his federal prosecution. Luigi Mangione, 26, was formally charged last week by the Manhattan district attorney with multiple counts of murder, including murder as an act of terrorism. His initial appearance in New York State Supreme Court was preempted by federal prosecutors bringing their own charges over the shooting. The federal charges could carry the possibility of the death penalty, while the maximum sentence for the state charges are life in prison without parole. Prosecutors have said the two cases will proceed on parallel tracks, with the state charges expected to go to trial first. Authorities say Mangione gunned down Brian Thompson as he was walking to an investor conference in midtown Manhattan on the morning of Dec 4. Mangione was arrested in a Pennsylvania McDonald's after a five-

Healthcare, pharma sectors raise Rs 14,811 crore via IPOs in 2024

Record fundraising surpasses the previous high of Rs 9,370 cr in 2023

Canon eyes chip fabrication in India, in talks for lithography machine

Japanese imaging and optical products major Canon believes that it has a good opportunity in India for its semiconductor lithography equipment required for chip fabrication, and it is in negotiations with companies setting up facilities here, said its India President and CEO Toshiaki Nomura. Though Canon did not disclose names, it said there are immense opportunities in this, as many chip manufacturers are now eying India as a new destination for semiconductor manufacturing. "A lot of Chip manufacturers are eyeing India as a new manufacturing place. We are discussing with all those chip manufacturers to give our product and service," Nomura told PTI. This is a "good opportunity for us", and the Tokyo-based group can contribute through its technology, products and services in this segment of the Indian market, he added. "We are installing the equipment for them to manufacture chips through our technology and the product. We help chip manufacturers build a strong facility in India. O

Inventurus Knowledge Solutions' IPO subscribed 2.65 times on Day Two

The initial share sale of Inventurus Knowledge Solutions Ltd, which provides healthcare support services, received 2.65 times subscription on the second day of bidding on Friday. The Rs 2,498-crore initial public offer (IPO) received bids for 2,74,86,778 shares against 1,03,66,780 shares on offer, according to NSE data. The Retail Individual Investors (RIIs) category got subscribed 4.24 times while the portion for non-institutional investors fetched 3.13 times subscription. Qualified Institutional Buyers (QIBs) part attracted 1.89 times subscription. Inventurus Knowledge Solutions Ltd has collected Rs 1,120 crore from anchor investors. The IPO will conclude on December 16. The price band for the offer is Rs 1,265-1,329 per share. The company's IPO is entirely an Offer For Sale (OFS) of 1.88 crore equity shares by promoters and individual shareholders, with no fresh issue component. Since the issue is completely an OFS, the company will not receive any proceeds from the IPO and th

Healthcare sector sees surge in hiring; Delhi, Chennai leading: Report

Healthcare sector in the country is witnessing a hiring surge, with 47 per cent employers planning to recruit staff in this segment, driven by advancements in telehealth and a growing focus on preventive care services, TeamLease EdTech said on Wednesday. The surge in healthcare sector hiring is led by Delhi and Chennai as these cities witnessed highest demand for critical roles in this space. Delhi (65 per cent), Bangalore (56 per cent) and Ahmedabad (48 per cent) have emerged as key hubs for Research Associate roles, which involve conducting medical research, supporting clinical trials, and managing data. According to the report, the aging population and the prevalence of chronic illnesses continue to highlight the need for continuous healthcare support and innovative treatments. "With tech advancement, almost all sectors are undergoing massive changes, with healthcare standing out distinctively. Propelled by the pandemic, virtual consultation and remote healthcare support are the

EQT Asia doubles down on India's health care, financial services, and infra

Swedish PE firm invests $6 bn in 18 months; sells stake worth $2.4 bn

Small and medium hospitals market likely to reach Rs 5 trn by FY27: Report

Report suggests the sector still faces sustainability issues due to profit crunch, expanding competition from large chains

Galaxy Health aims to be a major health insurance player in 2-3 years: CEO

In March, Galaxy Health received approval from the insurance regulator to start a health insurance business in India, taking the total number of standalone health insurers in the country to seven